Canada: New Housing Price index up 0.2% MoM in December

According to Sean Callow, a Global FX Strategist at Westpac, “The USD is still struggling to build a compelling multi-week case for a sustained upside movement as a slowdown in the Fed’s $85B p/m asset purchase program would be one key trigger, however the US labor market is unlikely to generate a string of 200k+ monthly jobs prints amid building fiscal headwinds for the foreseeable future.”